Gulf Keystone shares (LSE:GKP) were under selling pressure for most
of the year 2015. The price has also been bearish so far this year and this is
a trend that is expected to continue.
In the daily chart, 4 EMAs are used, and they are EMAs 10, 20, 50
and 200. The color that stands for each EMA is shown at the top right part of
the chart. All the EMAs are sloping downwards, which means that outlook on the
market is bearish. The price is supposed to go further southwards.
In this type of market, any upward bounces into the EMA 10 or 20
(even EMA 50), should be seen as a buying opportunity. Gulf Keystone is a bear
market.
This forecast is ended by the quote below:
“We plan out what we are going to do before the market
actually does it.” – Sam Evans
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders
Don’t Want You To Know: Super Traders
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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